About 1.223 million SOL, valued at roughly $117 million, was transferred to Coinbase Prime through the same deposit address, according to EmberCN monitoring cited by BlockBeats.
Transfer details
BlockBeats said the transfer occurred about two hours before its October 31 report, when SOL was trading near $95.55. EmberCN’s post also described 1.223 million SOL worth about $117 million entering Coinbase Prime through the same deposit address.
Purpose remains unknown
The sender and purpose of the transfer have not been identified. The available reports do not establish whether the SOL will be sold, so the movement should not be treated as evidence of a planned market selloff.
Sources: BlockBeats English flash and EmberCN’s monitoring post via FxTwitter, published October 31, 2026.